Winter Olympics Betting Guide for 2021
Canada has hosted the Winter Olympics twice before. This is our guide to betting on this huge sporting event.
Here’s what is in store for you on this page:
- Winter Olympics betting advice galore, including review criteria and guidance on how to sign up to a sportsbook
- Key information about the event, including host venues, how Winter Olympics odds work and which sports are popular for mobile and live betting?
- A list of the best Winter Olympics betting sites that are recommended to you by our experts
How we Review the Best Winter Olympics Betting Sites
How to Sign Up to a Winter Olympics Betting Site
An Introduction to the Winter Olympics
After the success of re-establishing the Summer Olympics, a Winter version was thought up and first held in 1924
Only sports that are played on snow or ice can be part of the Winter Olympics
Canada, as noted above, has twice hosted the Winter Olympics. Calgary in Alberta was chosen in 1988 and Vancouver in British Columbia for the 2010 Games
Until 1992, the Summer and Winter Olympics were held in the same year at four-year intervals
In order to space out Olympic events more, the Winter Games were moved to two years through a Summer cycle starting in 1994
The United States is the only nation to have hosted four different Winter Olympics
Sports can be added or removed from the Winter Olympics calendar as per the International Olympic Committee (IOC) selection policy
How Winter Olympics Odds Work
You may be wondering how Winter Olympics odds work. It’s all quite simple really. Popular sports (more on those below) will be priced up on betting sites, so let’s work through an example:
Canada are playing the United States at ice hockey. Not all that surprising, given both countries have representation in the NHL.
In this instance, Canada are favourites in the betting to win as their price is smaller. For every $10 wagered on them, they yield $11 of profit which is a return of $21.
The United States, meanwhile, are betting underdogs. For every $4 staked on them, the return is $11 - $7 of which is profit.
That’s simple enough. Ties can also occur, but at the Winter Olympics an ice hockey match may need to have a winner if it’s for a Gold medal.
The American moneyline system is also popular and another alternative way of expressing odds is to use fractions. We went with decimal prices in this example, because they too are common. For more on comparing odds types, see our calculator.
Popular Winter Olympics Betting Options
These are some of the most popular sports you can bet on at the Winter Olympics:
As noted above, Olympic ice hockey is a very popular sport for Winter Olympics betting in Canada. You can bet on individual match winners or who will win the Gold medal?
Points spread and total goals markets are also available on ice hockey as standard. Remember, futures betting sits side by side with wagers like these.Eg:Canada to beat
the United States2.10
Futures betting should be available on which individual or couple will win gold in their respective disciplines.Eg:Jayne Torvill and
to win the pairs ice dance5.00
Curling is a team sport where stones are slid across a sheet of ice. Brooms are used to sweep the ice in front of a stone into a target made of concentric circles.
Although a somewhat niche sport, curling is curiously exciting and futures betting should be available on the competing countries.Eg:Team GB to win2.88
The Winter Olympics doesn’t get more traditional than this. There are many different types of skiing discipline and betting exists on alpine, cross-country and Nordic combined events.Eg:Deborah Compagnoni
to win the women’s
Skateboarding on ice is more or less the name of the game with snowboarding. There are parallel, half-pipe, cross and slopestyle events for you to bet on.Eg:Shaun White to win
the men’s half-pipe3.25
Combining cross-country skiing and rifle shooting sounds like something out of an old James Bond film. The biathlon is a very popular Winter Olympics event, though, and there are many different versions of it.
Sprints, pursuits, relays and mass starts are all held alongside individual disciplines. Biathlon betting is surprisingly lively during the Winter Games.Eg:Martin Fourcade
to win the men’s pursuit2.38
When it comes to ski jumping, there’s the normal hill and the large hill. The further you jump, the more points you get. Jumpers compete as individuals and as a team for their country.
Wind assistance can have a huge hand in this sport, and that’s always something to think about when betting on it.Eg:Kamil Stoch
to win the men’s
individual large hill3.75
Bobsleigh and Skeleton
Like the luge, hurtling downhill in a bobsleigh or skeleton can give the sportsmen and women who do it a real adrenaline rush. Crews can be up to and including four people. The aim is to make yourself or collectively as streamline as possible.
Whichever individual or crew makes it down the course fastest wins. You should find plenty of skeleton and bobsleigh betting during the Winter Olympics.Eg:Canada to win
the two-women bob7.00
Mobile Winter Olympics Betting
One of the major developments in gambling of recent times is the advent of mobile betting. What are the benefits of placing wagers through your smartphone?
- Mobile Winter Olympics betting is available to you as most betting sites have an app for Apple and Android devices which you can download
- These are like a mobile version of the sportsbook, but give you a streamlined gambling experience which make it as easy as possible to place a bet
- We carry our smartphones with us everywhere these days. By doing so, you in effect have access to betting anywhere with an internet signal
What is Winter Olympics Live Betting?
- Like the mobile revolution, another marked shift in gambling has come from the introduction of live betting
- You can now place bets on major sporting events like the Winter Olympics while the sport is actually happening
- Lookout for ice hockey live betting odds among others during the Winter Games to enhance your experience of watching the action unfold
Modern Winter Olympics Host Venues
These locations have all either hosted or are set to host the Winter Olympics:
St Moritz, Switzerland1928
Lake Placid, New York, United States1932
St Moritz, Switzerland1948
Cortina d’Ampezzo, Italy1956
Squaw Valley, California, United States1960
Lake Placid, New York, United States1980
Sarajevo, Bosnia-Herzegovina (then Yugoslavia)1984
Calgary, Alberta, Canada1988
Salt Lake City, Utah, United States2002
Vancouver, British Columbia, Canada2010
PyeongChang, South Korea2018
We hope this Winter Olympics betting guide has been helpful. As one of the great sporting events held every four years, it’s often well worth the wait to watch.
Should you need any more Winter Olympics betting advice, then our FAQs section below has answers to common queries.
Interested in the Summer Olympics? Then read our comprehensive Summer Olympics 2021 betting guide.
Winter Olympics betting in Canada is just the same as everywhere else. Select the sport you want to bet on during the Games, then add the bet you want to place to your slip. Now enter your stake and confirm your wager.
We shortlist only the very best Winter Olympics betting sites on this page, so you can rely on our experts to narrow down the choice.
Yes, mobile Winter Olympics betting is available to Apple and Android users through sportsbook apps. If you haven’t downloaded that from the betting site you use, then they will also have a mobile version of their product for web browsers.
These sports in particular are popular for Winter Olympics betting:
- Ice hockey
- Figure skating
- Ski jumping
- Bobsleigh and Skeleton
You bet. Gambling on both the Summer and Winter Olympics is completely legal in Canada.
Certain Winter Olympics sports, notably ice hockey, feature live betting opportunities. This means sportsbook traders price up odds while matches are in-play reacting to what’s happening.
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